Barclays Maintains Underweight Rating for Tyson Foods: Here's What You Need To Know

Barclays has decided to maintain its Underweight rating of Tyson Foods TSN and raise its price target from $50.00 to $53.00.

Shares of Tyson Foods are trading up 1.29% over the last 24 hours, at $58.24 per share.

A move to $53.00 would account for a 9.0% decline from the current share price.

About Tyson Foods

Tyson Foods is a protein-focused food producer, selling raw chicken, beef, pork, and prepared foods. Chicken and beef are its two largest segments, each comprising about one-third of U.S. sales. Prepared foods constitute roughly 20% of sales and include brands like Tyson, Jimmy Dean, Hillshire Farm, Ball Park, and Sara Lee. However, most of these are in product categories rife with competition where Tyson does not have a massive market share lead. Tyson sells some products overseas, but the international segment accounts for just 5% of total revenue. The company is an active acquirer, with more recent years' purchases focused on international and food-service markets.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.